Sealtest Central Division-Omaha of Kraftco Corp. v. Douglas County Board of Equalization

This is an action wherein the defendants allege that plaintiff failed to list part of its personal property for taxation for the years 1970, 1971, and 1972. Taxes for the current year 1973 were paid. Defendants increased assessments and assessed penalties for the years mentioned. Summary judgment was entered for plaintiff setting aside the additional assessments and penalties. That judgment is affirmed.

The question presented is whether plaintiff omitted listing a part of its personal property or simply undervalued it for prior years. Under section 77-412, R. R. S. 1943, in the case of omitted…